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首页> 外文期刊>Journal of Monetary Economics >David Dollar and Aart Kraay, Neither a borrower nor a lender: Does China's zero net foreign asset position make economic sense?
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David Dollar and Aart Kraay, Neither a borrower nor a lender: Does China's zero net foreign asset position make economic sense?

机译:David Dollar和Aart Kraay,既不是借款人也不是贷方:中国的零净外国资产头寸在经济上有意义吗?

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摘要

The first observation I wish to make is that a given net position is consistent with many (infinite?) combinations of gross assets and gross liabilities positions. One might learn useful things from looking at the gross as well as net positions. While China's net foreign asset may be small, its gross foreign assets and gross foreign liabilities are not. The small net position is a consequence of having gross assets approximately the same as gross liabilities. In flow terms, in most years, gross capital inflows are offset by gross capital outflows.
机译:我要提出的第一个观察结果是,给定的净头寸与总资产和总负债头寸的许多(无限?)组合一致。人们可能会从总和净头寸中学到有用的东西。尽管中国的净外国资产可能很小,但其外国资产总额和外国负债总额却并非如此。净头寸小是总资产与总负债大致相同的结果。以流量计算,在大多数年份中,总资本流入被总资本流出所抵消。

著录项

  • 来源
    《Journal of Monetary Economics》 |2006年第5期|p.973-979|共7页
  • 作者

    Shang-Jin Wei;

  • 作者单位

    International Monetary Fund, Research Department, Room 10-700m, 700 19th Street N. W., Washington, DC 20431, USA;

  • 收录信息
  • 原文格式 PDF
  • 正文语种 eng
  • 中图分类 f;
  • 关键词

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